🟢 Satellogic is trading 10% up today after revenue surged 259% year over year

Satellogic is trading 10.37% up at $5.32 after its August 5 earnings report showed 259% year-over-year revenue growth.

• Second-quarter revenue surged 259% year over year to $15.9 million, beating estimates.
• The company posted its first positive operating income and Adjusted EBITDA, supporting a strong growth outlook.
• The $20.0 million GAAP loss was driven largely by a $19.7 million non-cash financial-instrument charge; the broader technology sector is weak, making the company-specific earnings catalyst the primary explanation.